What T-Mobile Retreat Means for Japan’s Softbank

By

WSJ Staff

Aug 6, 2014 3:19 am ET

Softbank’s U.S. subsidiary, Sprint, has given up on its bid to buy T-Mobile US. It’s the end, for now, of an ambitious plan by one of Japan’s top chief executives, Softbank’s Masayoshi Son, to expand his U.S. presence.

What does it mean for Son? There’s bad news but perhaps some good news too.